Hong Kong's first officially approved HKD-backed stablecoin, HKDAP, has successfully completed a live transfer test on the Ethereum mainnet involving three licensed firms: Anchorpoint Financial, OSL Group, and PantherTrade. This test proves that HKDAP can be issued, transferred, and settled on a public blockchain without technical issues, marking a significant step beyond previous permissioned pilots in Asia. The project operates under the Hong Kong Monetary Authority's licensing, aiming for phased issuance by the end of Q2 2026. HKDAP is pegged 1:1 to the Hong Kong dollar and is designed to offer a compliant, regulated alternative to offshore dollar-pegged stablecoins, while leveraging Ethereum's DeFi ecosystem for interoperability.
Binance experienced its biggest weekly crypto outflows in nearly three years, with $1.23 billion withdrawn ahead of the EU's MiCA regulatory deadline on July 1. This surge reflects investor reactions to regulatory changes, as Binance scaled back serv...
Bitcoin and Ethereum prices slipped slightly as overall cryptocurrency trading volumes declined across spot, derivatives, and DeFi markets. This drop in activity reflects reduced risk appetite among traders and a broader market slowdown, with Bitcoin...
Aptos fixed a critical vulnerability in its Move virtual machine that could have exposed up to $70 billion in digital assets to systemic risk. The flaw, discovered by security firm Hexens, involved a type-confusion bug that could misinterpret on-chai...
Binance experienced $1.23 billion in net outflows over one week, a 207% increase from the previous week, driven mainly by Ethereum withdrawals reaching their highest level in three years. The exchange has not provided any public explanation, raising ...
Ethereum co-founder Vitalik Buterin challenged AI to find a secret Ethereum document he wrote under a pseudonym, testing online privacy and AI's limits. After 13 days, no AI or researcher succeeded due to overly narrow search filters that missed key ...
